Home / Policy Tracker / Policy Event
Policy Event · High impact

Israel Capital Market Authority Approves Shekel-Pegged Stablecoin (BILS) After Two-Year Pilot

Israel's Capital Market Authority approved issuance and distribution of BILS, a shekel-pegged stablecoin by Bits of Gold, after completing two-year regulatory pilot program. BILS meets reserve requirements equivalent to HKMA standards with continuous par redemptions. Approval represents third jurisdiction (after Hong Kong and Singapore) with formally approved fiat-pegged stablecoin issuer, positioning Israel as emerging crypto hub outside APAC. Integration with local payments infrastructure planned for Q3 2026.

High impact🇮🇱 IsraelStablecoinLicensingRegulationUSDTUSDCBits of GoldIsrael Capital Market Authority

APAC FINSTAB analysis

Although this is outside core APAC, it is relevant because global market-structure, enforcement, and stablecoin precedents often shape licensing expectations for APAC exchanges, issuers, custodians, and DeFi teams. Protocols/assets in scope: USDT, USDC. Named institutions or platforms: Bits of Gold, Israel Capital Market Authority. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

View related Stablecoin tracker page →

Related policy events

CPC Decision Targets Crypto-Enabled Corruption And Cross-Border Asset Recovery

A CPC Central Committee decision published by Xinhua calls for resolute action against corruption involving the internet, virtual currencies, cross-border funds, and blockchain, alongside stronger cross-border casework and asset recovery. The policy signal increases expectations for transaction tracing, beneficial-owner checks, and cooperation with enforcement requests at digital-asset intermediaries.

High impact🇨🇳 ChinaRegulationAMLEnforcement
APAC FINSTAB analysis → Original source ↗

FCA Consults On DeFi Guidance For Regulated Firms

The UK Financial Conduct Authority opened GC26/7 consultation on non-Handbook guidance for regulated firms using DeFi, covering operational resilience, financial-crime controls and Money Laundering Regulations obligations. The guidance would clarify how existing controls apply to DeFi dependencies such as smart contracts, bridges and oracle services.

High impact🇬🇧 United KingdomRegulationAMLDeFi
APAC FINSTAB analysis → Original source ↗